Question : Hari, Mohan and Sohna were partners sharing profit and losses in the ratio of 2:2:1. They decided to share future profit in the ratio of 7:5:3 with effect from 1st April 2021. Their balance sheet as on that date showed a balance of Rs 45,000 in an advertisement suspense account. The amount to be debited respectively to the capital accounts of Hari, Mohan and Sohna for writing off the amount of advertisement suspense account will be.
Option 1: Rs 18,000, Rs 18,000 and Rs 9,000
Option 2: Rs 15,000, Rs 15,000 and Rs 15,000
Option 3: Rs 21,000, Rs 15,000 and Rs 9,000
Option 4: Rs 22,500 and Rs 22,500 and Nil.
Correct Answer: Rs 18,000, Rs 18,000 and Rs 9,000
Solution : Answer = Rs 18,000, Rs 18,000 and Rs 9,000
(45000 x 2/5)
Hari's Capital A/c Dr 18000
Mohan's Capital A/c Dr 18000
Sohan's Capital A/c Dr 9000
To Advertisement Suspense A/c 45000
(old ratio = 2:2:1) Hence, the correct option is 1.
Question : Information:
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